SHFE Tin to Remain under Downward Pressure (2016-8-4)

Published: Aug 4, 2016 09:35

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It is widely expected that the BOE will cut interest rate during its August meeting. LME tin will test resistance at USD 18,200/mt.

SHANGHAI, Aug. 4 (SMM) –It is widely expected that the BOE will cut interest rate during its August meeting. LME tin will test resistance at USD 18,200/mt.

SHFE 1609 tin will move between RMB 118,500-120,000/mt today, with downward pressure.

In Shanghai spot tin market, limited supply of small brand goods will support mainstream traded prices at RMB 120,000-121,500/mt.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-4)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

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